Solaris Resources (TSE:SLS) Sets New 12-Month High – What’s Next?

Shares of Solaris Resources Inc. (TSE:SLS) reached a new 52-week high during trading on Wednesday . The company traded as high as C$15.71 and last traded at C$15.36, with a volume of 234533 shares traded. The stock had previously closed at C$14.91.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SLS shares. BMO Capital Markets lifted their price objective on shares of Solaris Resources from C$16.00 to C$18.00 in a research report on Thursday, January 29th. National Bank Financial lifted their target price on Solaris Resources from C$20.00 to C$22.50 in a report on Thursday, January 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$19.50.

Solaris Resources Stock Down 6.9%

The company has a market cap of C$2.28 billion, a price-to-earnings ratio of -52.46 and a beta of 1.88. The stock has a fifty day moving average price of C$13.00 and a two-hundred day moving average price of C$12.03. The company has a quick ratio of 1.29, a current ratio of 3.09 and a debt-to-equity ratio of -0.84.

Solaris Resources (TSE:SLS) last posted its quarterly earnings results on Thursday, March 26th. The company reported C$0.10 EPS for the quarter. As a group, sell-side analysts expect that Solaris Resources Inc. will post -0.31 EPS for the current year.

About Solaris Resources

Solaris Resources is a copper-gold exploration and development company advancing a portfolio of high-quality assets across the Americas. Its flagship asset is the 100%-owned Warintza Project in southeast Ecuador, a Tier 1 copper porphyry deposit with over 1.3 billion tonnes of Mineral Reserves and outstanding economics driven by high-grade, near-surface mineralization and a world-class strip-adjusted grade. Warintza stands out for its scale, simplicity, and strong community partnerships built through formal agreements and inclusive engagement.